The three major components to any organizational culture are
A. internal values, espoused values, and external values.
B. symbols, physical structures, and ceremonies.
C. language, stories, and rituals.
D. observable artifacts, espoused values, and basic underlying assumptions.
E. observable artifacts, hidden artifacts, and semi-public artifacts.
Answer: D
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In a manufacturing environment, direct labor costs initially flow
a. into the Materials Inventory account. b. directly to Cost of Goods Sold. c. into the Work in Process Inventory account. d. into the Finished Goods Inventory account.
Eban Corporation uses the FIFO method in its process costing system. The first processing department, the Welding Department, started the month with 18,000 units in its beginning work in process inventory that were 50% complete with respect to conversion costs. The conversion cost in this beginning work in process inventory was $52,200. An additional 55,000 units were started into production during the month. There were 16,000 units in the ending work in process inventory of the Welding Department that were 20% complete with respect to conversion costs. A total of $284,160 in conversion costs were incurred in the department during the month.The cost per equivalent unit for conversion costs is closest to:
A. $5.550 B. $4.608 C. $5.167 D. $5.800
Critical success factors in a retail store might include all of the following, EXCEPT ______.
a. maintaining the right product mix in each location b. analyzing profit margins in that industry and setting correct prices c. advertising the products in order to pull customers in d. upgrading the point-of-sale system to PC-based registers
Answer the following statement(s) true (T) or false (F)
16. The skill of creativity allows you to harness opportunities but not create opportunities. 17. The skill of creativity requires a high IQ. 18. The skill of creativity allows you to harness opportunities but not create opportunities. 19. Reflection can be considered an action. 20. Entrepreneurship is more of a method than a process.